I believe there is heat energy as well from the resistance.
I received my order last night of some 1"X .200" ring and and a 2" X 1" X 3/8" , N52 Neodymium magnets.
I had no idea magnets were this strong. I unwrapped the rings and set them aside. Then I opened the large 2X1. The rings flew off the bench to the large magnet! I'd say it was 8-9" away. Incredible.
I have a 1/2" thick copper plate. I slid the magnets down the plate at about a 45 angle. =Way Cool!
I'm looking for a piece of copper pipe for the rings.
I have to show my boys and their kids
Some kids never grow up, Thank God!