1. So basically all coins are stored in mining pool? If mining pool goes down, it means all coins are gone?
2. How long does it take to update my stats on mining.bitcoin.cz website? I have been running this guiminer for more than 24 hours now and I saw one message on status bar of program which said something like "Shares: 1 accepted at 9:15PM" but I see that all my stats are 0 on the website.
1. The bitcoins are stored at a bitcoin address which will be there whether or not the pool is running.
2. You cannot mine bitcoins successfully with a hash rate of only 32 kH/s. After mining for a year, you will earn less than 0.000003 BTC. That is lower than the minimum transaction amount and the pool won't even be able to send it to you.