Generate Electricity Without fuel or any raw material (Another Approach)

Electricity generation without any fuel or raw material. A magnetic material or a magnet is placed in the ceiling of a room and floor is nothing but earth. Now if a magnet is placed in the air it will wither go to the ceiling or it will fall to earth whichever is greater force : magnetic pull or gravitation of earth accordingly. Now if we set the distance between magnetic material of the ceiling and magnet in such a manner that the magnetic force between ceiling and gravitation cancels out. Then the magnet will float in the air. This is how we can make a room gravitation free. Now a magnet is attached to ground and it is named magnet 1. Magnet 2 is free to roam around a horizontal plane as there is no gravity. If the distance between the two magnets is r and mass of the magnet 2 is m then if we give a velocity of v so that magnetic force between the two magnets is mv^2/r then the magnet 2 will rotate around magnet 1 in circular motion. Now if we put conducting current carrying wires around the circular path then the magnet 2 will induce electric current in the loop as per faraday's law of induction. Hence electricity is generated.