Downloading and installing the new Arduino IDE for ESP8266

Moderator: igrr

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By flywire
#61242 I installed Arduino core for ESP8266 WiFi chip following: https://github.com/esp8266/Arduino.

File, Examples, ESP8266, Blink

Verify - I notice there are a lot of warnings but it compiled OK.
Upload - Blue led flashes while it uploads and led stops flashing when flush complete message displays.

What now? How do I get the blue led on the module to flash?

Edit: I'm on Win7 using Arduino 1.8.1