The "Firefly" sells in bicycle shops for about $8.00. It's an LED + watch battery that attaches to the rim ends of spokes and creates a pretty noticeable marker or running light.
The problem is the battery runs down.
Couldn't a small coil + rectifier + capacitor + LED be placed on the spoke ends with a magnet on the forks or chain or seat stays? The wheel itself would become a generator.
What kind of small coil would averaget 3 volts/0.1 amp when swiped with a magnet at speeds > 5 mph?
Bret Cahill