Magnetic fields can create electric fields. In fact, every time you change a magnetic field, you create an electric field. This is called Faraday's Law of Induction.
If I were you I would quit right now and either rush to grab a 6th grade book on Physics or change that whole topic to visit Sri Lanka and witness a rock like a thousand others in the world. Oh wait, even better, why not build a Pyramid like
the one in Giza an the North Magnetic Pole and fit it with mining gear, free electricity, and free cooling!
Now, why are paying 8cents per kWh in Sri Lanka if you have this magical rock? I would have expected it to be full of in drilled sockets by now.
EMF detectors usually only show up to 5 Milligauss, but this rock emits a much higher level of magnetic flux.
Whatever you do next, don't put a Geiger counter next to a banana, or you're going to bring forth the fall of the Banana Industry just as you're
destroying bitcoin now with your
revelations.
PoW is a failure. PoS is a better system.
Sorry for your coins not reaching ATH like bitcoin but the energy problem in Pow pales in comparison to the monopolies that can rise with PoS
Which fairytale did you just jump out of? A magical glowing rock that gives unlimited energy?
I don't think it even glows or they would have already smashed it to pieces and used it as lamps.