I have no problem with advertising but I block it for technical reasons. Text and images are ok but flash and GIFs waste battery life and bandwidth. Can highly recommend Adblock Plus (available for all major browsers).
To avoid losing out on revenue, the correct thing to do as a site owner is to detect ad-blockers and then with a small banner either solicit donations in lieu of ad clicks, or have non-intrusive non-moving ads and ask the user to unblock.
