Hey fellows I am new to Bitcoin, I wanted to get started so I searched various how to videos and websites but they were mostly complicated though I grasped some concepts through these. By
http://startbitcoin.com/ I was able to setup my Bitcoin journey through use of BitCoin GPU miner and Slush Pool. Now I have few questions 1) What is difference between online wallet and desktop ones. I created online wallet from blockchain.info due to fact that desktop wallet bitcoin qt requires download chains of data and I dont have sufficient internet connection. 2) If I have created wallet online then can I use in desktop wallets? What if online wallet service goes down. Does it mean I will loose all my coins? 3) I am mining through GPUminer and it shows some value of shares accepted and Mhash/s , what does it mean? 4) When will I receive Bitcoin, my account on slush pool page says Estimated reward for current round whose values goes up and down? 5)At bottom of account page there is value of current share and Mhash/s value what does it mean? What is estimated award , confirmed and unconfirmed? 6)What happens to my mining if internet connection goes down and computer shuts download!