There has been talk about this already, but in case anyone missed it:

The 2016 edition of Internet Problem Solving Contest is going to take place tomorrow (starting time).

It's a 5-hour contest for teams of up to 3 people, but there's also an individual division, so feel free to participate even if you can't find yourself a team at this point.

There's going to be an ACM-like number of problems (12+), ranging from classic algorithmic problems to quite unusual ones. Most problems have an easy subproblem worth 1 point and a hard one worth 2 points (think CodeJam); ties are broken using ACM rules (sum of times).

The practice session starts soon and lasts 24 hours. If you haven't competed before, it lets you get familiar with the contest system... and the problems there aren't completely trivial.

Read the rules or my previous blogposts about this for more info.