I had this bad red light issue, too.
Solved it another way I'll describe first.
Shut miner down,
open case, disconnect all ASIC boards.
start miner, wait for red light, wait another 30sec-2min, do a reset and wait another 2-3 min
shut it down
start it (still without boards connected) and see whether it's working again
if it's now alive
flash another firmware, shut down, restart, verify it's working, shut down, connect boards, start it and be ahppy
if not
try another reset, and restart, if still not working proceed with sd-card zip file..
I've looked into the zip file, seems to have same contents as one of the (not mounted) devices.
guess it's the contents of Angstrom-0.97.u-boot as I remember quite the same file names from yesterday, when I mounted the firmware partition or whatever it was.
/tmp$ tar -xvf kncminer-0.97.bin
runme.sh
Angstrom-0.97.u-boot
reboot.cgi
reboot.safe
one with a working unit may figure it out this way:
mount shows a mounted persistent device, in /dev there are two other persistent devices available - one boot and one system partition.
I guess those zip-file contents have to be copied onto the system partition.
Have a close look onto the BBB, I remember a slot or sth which might contain a micro sd card; I'm currently not at home so I can't check it myself.
So it *might* be this way: pull sd-card from BBB, put into your computer and replace contents with zip file's contents, then put it back into the BBB and start the miner.