My network is 192.168.1.x, and I have been trying to connect to 192.168.1.254. Actually, I think one of my APs is sitting on 192.168.1.254. Is it normal operation to flash the green light, then stop?
Vladimir - Can you share your PSU specs and take a picture of the modified molex adapter. I had the same problem when working on the blades. Sounds like its a PSU problem and also sounds like your molex modification is correct, but if you have an old or cheapo PSU you will have to use the 5v (red wires) from the molex adapter to power a 5-6v fan. Hope that helps =)
And, no you don't need anything for the reset pins. The 2 pins closest to network adapter factory reset when you short them out and the other two reset the blade and keep the configs from resetting back to default.