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Tldr is that when you boil water it won’t exceed 100c at sea level. Cos all the energy goes into making the steam. Coincidentally there are magnets that reduce their strength at just over 100c. The magnet holds a contact closed allowing the cooker to heat. Whilst there’s still liquid water it won’t exceed 100c. Once all that water evaporates or is absorbed into the rice the heat rises to the temp the magnet becomes weaker (the curie temperature) the magnet looses strength and then disconnects the heater
There is an alloy that has the property of losing its magnetism when heated to a certain temperature. There is a magnetic latch that holds the spring loaded contactor closed, (if you look under the pot part of a rice cooker there is a springy plunger which works with the lever/button you use to start the cooker to bring the magnet in contact with the latch.) When all of the water is boiled away/absorbed by the rice the temperature of the cooker climbs above the temperature where magnetism is lost and catch is released breaking the circuit. When it cools down it regains its magnetism. It is really an amazing, simple, lucky gadget.
This is super interesting. The rice cooker boils the water. When water is boiled it doesn’t change temperature. It holds temp while it’s transitioning into steam. It’s only once all the water is boiled off that the temperature starts to increase.
So all the rice cooker has to do is wait for the temperature to increase before shutting off.
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