Hi! As far as I know, you could use free program or paid software to recover an Admin password. Free one not only wasting you a lot of time, but also losing data sometimes. Paid one will be more safe and stable. I suggested this software: Windows Password Reset 9.0
That blinking cursor is the way in which the BIOS is telling you that Windows is not loading because its most critical, core files have been corrupted beyond repair. The only thing you can do is to reinstall using the recovery cd or your own Windows install disk.
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