The blue light that is on, is the one in the middle of the arc of the the chip. Close to Edge of case wording.
___________________
BL)
)
|
|
---------------------------------
It is not the 5V light. I have not wire going to that because it is a v1.0 Xbox.
I notice on the solderless adapter, the wires on on the top of the adapter, so the chip can not be pressed all the way down.