http://community.elgg.org/pg/plugins/webgalli/read/398656/google-adsense-and-analytics-gpl

OpenX on local server genereted for all defined campaign nati PHP code.

Example of implemet OpenX code to group module:

file mod/groups/all.php line 81. before definition title put this code from OpenX after assigh variable $area2 = elgg_view_title($title);

put new line with:

$area2 .=$phpAds_raw['html'];

That ALL.:) 

Example of OpenX code

define('MAX_PATH', 'C:\Program Files\xampplite\htdocs\openx');
  if (@include_once(MAX_PATH . '/www/delivery/alocal.php')) {
    if (!isset($phpAds_context)) {
      $phpAds_context = array();
    }
     $withtext='', $context='', $charset='')
    $phpAds_raw = view_local('Patient', 0, 4, 0, '_blank', '', '0', $phpAds_context, '');
  
  }
 $phpAds_raw['html'];

This is the easiest way to add advertisement to your elgg site....

http://elggwithadsense.blogspot.com/

Best regards :D

TIll now i didnt found any good plugin to advertise with elgg though i m sucessfull manually  upto some extent .

i wrote one blog on how to advertise easily with elgg

you can view it on http://wordsofosho.in/2011/02/easy-way-to-advertise-with-elgg/

best regards

For those who are looking for Elgg ads plugin can use Openx or Revive ad server and Elgg Ads plugin called Gutwa to run independent Ad network.
In fact, Elgg and revive Ads Management System should work just like Facebook ad system.
 
For more information read this info https://community.elgg.org/plugins/1609647/releases/1.8.2