Yeah it's another nation coin, they do big pre mines to give away to said nation. Most of them seem to do OK so far. This was at least a smooth launch, which is quite rare these days.
Where was the smooth launch? It was released way before the announced time 30 minutes before the deadline diff was more than 2 as above posted
I can assure you that mining did not commence a single minute before 23:00 GMT+2.
Please keep in mind that there are nodes all over the world and block explorer is at a different time zone than Israel, not to mention Israel has just switched off daylight savings and so if you are seeing anything that is not in tune with the time we announced, perhaps that is the reason.
At exactly 23:00 we opened the downloads of wallets and a few minutes later released the genesis block to github.
There was an almost immediate spike in hashpower and therefor in difficulty as well.
Difficulty was extremely low since the premine ended and first few dozens of blocks came in very quickly, however, DigiShield has sprung into action and did a great job averaging everything out to 1 minute per block.
We have spent a ton of work for over a month preparing this coin and launch and we do not deny things could have been even better, but all in all we believe we did a solid job and will keep working hard to make Isracoin a great, long lasting cryptocurrency.
We have all sorts of things in store and will update whenever there is news.
Hope all you fine people will give us just a bit of benefit of the doubt, keep an open mind and give constructive criticism.