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Electronic Christmas Tree O...View Instructable »
No, the generator is the power supply. you could maybe use diodes to create a diode bridge to output a straight DC signal.
I guess with more windings, thicker wire, a more powerful magnet, and faster/ more powerful spin, you might be able to make something useful but there really are much better ways. I don't know much about the AC side of things though, I am sure getting your generator to put out the 60 hertz and everything else would require more technical components.
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