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I get my rare earth magnets from http://www.kjmagnetics.com/
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“The law that entropy always increases, holds, I think, the supreme position among the laws of Nature. If someone points out to you that your pet theory of the universe is in disagreement with Maxwell's equations — then so much the worse for Maxwell's equations. If it is found to be contradicted by observation — well, these experimentalists do bungle things sometimes. But if your theory is found to be against the second law of thermodynamics I can give you no hope; there is nothing for it but to collapse in deepest humiliation.” — Sir Arthur Stanley Eddington, The Nature of the Physical World (1927)
However,
once you attach it to a generator to make electricity you are going to add resistance and/or drag to the system and that will kill the self sustaining hope just as quickly as friction
I'm not trying to be mean or negative.
We can only further our designs and ideas through re-examining them and expanding the scope of variables we take into consideration.
"We are not perfect. There is no complete or absolute solution, only what was good enough the day before."
Good Luck anyway