I wonder if a side effect of China's exchanges being hamstrung (at best) is that Chinese miners will stop mining because there's no easy way to sell their coins. That would lead to a drop in difficulty, benefiting miners elsewhere - though potentially placing further downward pressure on prices on the remaining exchanges.
I would think that the commercial Chinese miners can easily sell their coins in the Western exchanges or to Western clients, using Western bank accounts, all legally. The closure of Chinese exchanges may be a problem for small independent miners, perhaps.Chinese miners hold like crazy
If anyone is interested: I saved about 1 hour of Huobi's transaction log from earlier today (2014-07-07) centered on 02:54 UTC. That's in the middle of the small hump that preceded today's mini-rally.
http://www.ic.unicamp.br/~stolfi/temp/2014-05-07-0254-HUBI.txt
The file has 879 transactions. It was built by repeated copy-pasting from Bitcoinwisdom's chart (which shows only the last 200 transactions) reformatted and cleaned by a couple of gawk scripts. Beware of possible gaps or errors.
Unix users may be interested in the scripts too:
http://www.ic.unicamp.br/~stolfi/temp/cleanup_bitcoinwisdom_trans_log.gawk
Basic reformat/cleanup script. Click on the chart, then CTRL-A CTRL-C, then paste into a file,
then pipe the file through, for example,
gawk -f cleanup_bitcoinwisdom_trans_log.gawk -v curr=CNY -v ex=Huobi -v dt=2014-05-07
http://www.ic.unicamp.br/~stolfi/temp/remove_dup_trans.gawk
A script to merge several files obtained as above, with overlapping time intervals.
Save each CTRL-A CTRL-C to a separate file, run the cleanup fillter above on each file,
then concatenate the files in chronological order (most recent last), and
pipe the concatenation through
gawk -f remove_dup_trans.gawk
http://www.ic.unicamp.br/~stolfi/temp/2014-05-07-0254-HUBI.txt
The file has 879 transactions. It was built by repeated copy-pasting from Bitcoinwisdom's chart (which shows only the last 200 transactions) reformatted and cleaned by a couple of gawk scripts. Beware of possible gaps or errors.
Unix users may be interested in the scripts too:
http://www.ic.unicamp.br/~stolfi/temp/cleanup_bitcoinwisdom_trans_log.gawk
Basic reformat/cleanup script. Click on the chart, then CTRL-A CTRL-C, then paste into a file,
then pipe the file through, for example,
gawk -f cleanup_bitcoinwisdom_trans_log.gawk -v curr=CNY -v ex=Huobi -v dt=2014-05-07
http://www.ic.unicamp.br/~stolfi/temp/remove_dup_trans.gawk
A script to merge several files obtained as above, with overlapping time intervals.
Save each CTRL-A CTRL-C to a separate file, run the cleanup fillter above on each file,
then concatenate the files in chronological order (most recent last), and
pipe the concatenation through
gawk -f remove_dup_trans.gawk
I just lost some time looking at that, explain it to me