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by whiletruefork 5600 days ago
I saw the exact same thing. I had something like 1.25%-1.5% CTR from the mobile network, with no conversions. It was pretty terrible, and I disabled advertising on mobile networks (on by default) to save the wasted funds.

I've also now seen hundreds of networks where I get 100% CTR (2-3 impressions, all leading to clicks) on what are obviously junk/spam sites. Each of these only cost me a couple quarters, but it quickly adds up.