Is there an article/algorithm on how I can read a long file at a certain rate?
Say I do not want to pass 10 KB/sec while issuing reads.
If you have used Java I/O then you should be familiar with decorating streams. I suggest an InputStream subclass that takes another InputStream and throttles the flow rate. (You could subclass FileInputStream but that approach is highly error-prone and inflexible.)
Your exact implementation will depend upon your exact requirements. Generally you will want to note the time your last read returned (System.nanoTime). On the current read, after the underlying read, wait until sufficient time has passed for the amount of data transferred. A more sophisticated implementation may buffer and return (almost) immediately with only as much data as rate dictates (be careful that you should only return a read length of 0 if the buffer is of zero length).