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Older chargers contained a heavy iron-cored transformer operating at mains frequency (50 or 60Hz).An Iron-cored transformer loses a fair amount of power to magnetising current and eddy currents, even when it has no load. Modern chargers use an electronic circuit called an invertor, which produces a frequency of 100kHz or more from the mains voltage. This can be carried by a small and light ferrite-cored transformer, which has very low losses. The electronic circuit is designed to go into low power mode when there is no load. It feels slightly warm, but not as hot as when it is charging a device.Some countries are introducing legislation for minimum efficiency of chargers. These regulations effectively ban iron-cored transformers for small chargers. In some countries you can turn off the charger at a switch as you unplug your iDevice, which eliminates the idle current too.