Jaxodius said:
is the maths correct here? how would i calculate how long it would take for that load to be raised up to 100 meters?
No.
You are referring here to:
10 m3 blocks of hematite ( 1 on top of another ) = 50000 kg m3
10 blocks times 1 cubic meter per block times 5095 kg per cubic meter = 50950 kg.
The number was acceptable, but the units were wrong.
(so 50000 (weight) * .028 m/s (to allow the blocks to fall in 1 hour as 100 meter / 3600 seconds ) * 100 (height)) / 1000 (to convert it into kw ) = 140 kw-s
That 50000 is not a weight. It is a mass. It is not in units of Newtons. It is in units of kilograms.
The weight of a mass is the mass times the acceleration of gravity. The acceleration of gravity on the surface of the Earth is approximately 9.8 meters per second per second.
50000 kg times 9.8 meters/second
2 = a weight of 490,000 kg-meters/sec
2 = 490,000 Newtons. Call it 500,000 Newtons.
100 meters divided by 3600 seconds = .028 meters per second velocity. That was correct.
Power = force times velocity.
500,000 Newtons times 0.028 meters per second = 14,000 Newton-meters/second = 14,000 Watts.
You double-dipped on height, multiplying by the 100 meters once to get your estimate of 0.28 meters per second fall rate and then again by that same factor of 100 for no reason.
You presented the result as 140 kilowatt-seconds. That is a unit of energy. Both the number and the units were incorrect.
You really need to keep track of units in your calculations.