Can I register a few adwords account with a same ip address, is this violate the TOS? Because I didn't use any of the voucher with my first account at the beginning, is there any vouchers for existing account?
Yes, Muchacho is right. You can have multiple campaigns in the same ad words account as long as they are not similar campaigns and bidding on the same kw's.
I would think this would be illegal...it would be way too easy for people to reuse the same $50 Adwords vouchers and never have to pay for anything other than to active the accounts.
Your account will be linked even if you create multiple accounts. Also, only one ad text from any of your account will show up for a specific keyword.