[klyrs]

I'm not a physicist, but I play with circuitry... two nearby loops of wire are magnetically coupled. If one is a superconductor with some stored current, and the other is a normal conductor with some resistance, then it stands to reason that the supercurrent will burn heat off in the resistive loop.

[OkayPhysicist]

What happens in the scenario where the superconductor coil is just replaced with a permanent magnet? I'm pretty sure the energy that the loop dissipates comes from the energy required to move the loop into position, which the inductor experiences as a changing magnetic field.