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What is it actually? I have seen it in many forums, does it pay us when we put it or something?

You get paid for every click/view.

When you reach 100USD$ of course..

DragonLord Wrote:What is it actually? I have seen it in many forums, does it pay us when we put it or something?

Hi,
Here is an excellent tour of Google Adsense that should answer most of your questions:
http://www.google.com/services/adsense_tour/index.html

I didn't even reach 1$.

You may also wanna see http://en.wikipedia.org/wiki/AdSense

destroyer Wrote:I didn't even reach 1$.

Woah! I suggest using adbrite. at least you can sell ads their.