Maybe we're finally getting somewhere. Interestingly enough my Chinese traffic has dropped tremendously in the last couple of days (I consider this a good thing because I think that's somehow linked with the SPAM accounts / comments). In another day or so I'll turn my blog comments back on and see if I still get hundreds of SPAM comments.
I've got 2 days free trial left on Shop Protector then I'll remove that as well, the app doesn't indicate any account submissions have been made since I've installed it, which is odd considering the SPAM accounts stopped. But I figure the SPAM accounts weren't signing up via the forms as a regular person would, they were being created some other way which would explain why I'd get comments on all my blog posts but no indication of actual traffic on those posts.