Method 2:
The oxidation no. of S decreases from +6 to -2 and that of I increases from -1 to 0.
Then
Step 1: H2SO4 + 8HI > H2S + 4I2
Step 2: H2SO4 + 8HI > H2S + 4I2 + 4H2O
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It is reminded that it is just the oxidation number that decreases but not the no. of electron.
To balance the equation, i figure out it this way:
the total oxidation number changed is 8*-1 - 4*0=-8
multiplying both sides by two will not balance the equation since the I is not balanced, i.e. 8HI...8I2<-strange!