A generalized two-disk dynamo model is considered that includes mechanical friction; this model is intended to simulate in its broad character the behavior of the geodynamo. Fixed points, limit cycles and chaotic attractors are located for different input parameters of the model. The chaotic regimes are of several kinds as are the "routes to chaos". Several approximate models, helpful for studying the dynamo are discussed. A number of essential differences from the well-known Rikitake dynamo are demonstrated.