In Cartesian coordinates the magnetic field is . Its divergence is , and all components of its curl vanish. Thus it satisfies the static vacuum magnetic equations and , with no electric current in the region.
Fix clockwise orientation as viewed from above, looking down the positive -axis. Its positive area normal is . The loop's external magnetic flux is thereforeWith the opposite normal its flux has the opposite sign. On the circle and clockwise line element is . The Lorentz force element isThe radial terms cancel around the circle, soThis fixes the current/flux/force signs together.
Neglect self-inductance initially, so Faraday's law and Ohm's law give . Including gravity then givesFor and , the terminal solution is withThe general velocity relaxes exponentially to on time scale . In the terminal state , and the Joule-heating rate isThus all the lost gravitational potential energy becomes resistive heat when kinetic energy is constant.
Within the zero-inductance approximation as ; finite-speed motion would require an unbounded current. This limit is singular, so it is important to describe the physical ideal-conductor limit separately. With finite self-inductance , the circuit equation is . At , total linked flux is conserved and there is no Joule heating. If initially at , thenThis lossless limit of magnetic loop braking has undamped oscillations about , with magnetic energy storing and returning mechanical energy. It has no generic dissipative terminal descent. Thus the vanishing terminal speed is the formal resistive-model limit, not a justification for dropping inductance in a perfectly conducting moving loop.
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