  We study the magnetic properties of small-scale transients in coronal hole.
We found all brightening events are associated with bipolar regions and caused
by magnetic flux emergence followed by cancellation with the pre-existing and
newly emerging magnetic flux. In the coronal hole, 19 of 22 events have a
single stable polarity which does not change its position in time. In eleven
cases this is the dominant polarity. The dominant flux of the coronal hole form
the largest concentration of magnetic flux in terms of size while the opposite
polarity is distributed in small concentrations. In the coronal hole the number
of magnetic elements of the dominant polarity is four times higher than the
non-dominant one. The supergranulation configuration appears to preserve its
general shape during approximately nine hours of observations although the
large concentrations in the network did evolve and were slightly displaced, and
their strength either increased or decreased. The emission fluctuations seen in
the X-ray bright points are associated with reoccurring magnetic cancellation
in the footpoints. Unique observations of an X-ray jet reveal similar magnetic
behaviour in the footpoints, i.e. cancellation of the opposite polarity
magnetic flux. We found that the magnetic flux cancellation rate during the jet
is much higher than in bright points. Not all magnetic cancellations result in
an X-ray enhancement, suggesting that there is a threshold of the amount of
magnetic flux involved in a cancellation above which brightening would occur at
X-ray temperatures. Our study demonstrates that the magnetic flux in coronal
holes is continuously recycled through magnetic reconnection which is
responsible for the formation of numerous small-scale transient events. The
open magnetic flux forming the coronal-hole phenomenon is largely involved in
these transient features.
