Its a AC welder to start with...
Honestly, if I was to start learning welding again, I'd spend the $ on proper tuition first. There's so many bad habits and useless information that you can pick up by 'teaching yourself to weld'.
While, with proper tuition, you will never find out these bad habits and starting afresh with knowing absolutely nothing is the best place to start to learn.
After ten years welding, I got taught by a American, 'Willy' Witt, a Seattle surf enthusist who was doing the southern part of his life long tour of the worlds surfing spots, actually 'how to weld'.
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