The 4A Gigabit is a completely different chipset. Don't try to follow any instructions for the 4A Gigabit.
This is your PC's loopback interface. It means you don't have an interface configured with an external address (ideally 192.168.1.X). Without that you can't ping to a network outside the PC.
Generally it's a good idea to connect an unmanaged switch between the PC and the router you're trying to recover. Then you can set up the PC port and the settings will stay in place while the router reboots, because the PC doesn't see the Ethernet cable being "disconnected."
That's your IP. So you tried to TFTP to your PC not the router.
No, I connected the router to a laptop, with all other network turned off (wifi and all), just the router with a ethernet cable, manually set its IP to 192.168.1.2 then ran tftp. It connected successfully, I was able to ping 192.168.1.2.
Always use binary, but if the device is not reachable at all there is a larger problem.
All the instructions that you've linked in this thread are for the 4A Gigabit with a MT7621 chip. Who's instructions are you following for your 10/100 MT7620 model 4?
I'm not following any specific instructions, I only so far did, connect router to laptop with ethernet cable, all other network WiFi and all disabled, press and hold reset button while powering on, LED flashes orange, then I run tftp 192.168.1.1, that's all I did, nothing more nothing less.
Can this be done with a Windows VM? If the windows route is easier?
I think I fixed it, I fired up a Windows VM with bridged connection, downloaded that tool TinyPXE server, and grabbed a image for my router from internet, and flashed it. I can now login to 192.168.31.1 it opens the Xiaomi Admin page now.
Can someone provide me proper installation instructions for OpenWRT, as I want to use OpenWRT, there are snapshot version available for my device here - OpenWRT-Snapshots starting with the name xiaomi_mi-router-4-
I have stock Xiaomi ROM right now, on the router, not OpenWRT, how will those instructions help me install it? Also they are for Mi 3G, I think now that Mi Router 4 is supported there should be proper instructions available for it too.
If you have a Windows machine, you just need to install the tool he mentions in video, connect your router to PC in TFTP mode and flash the stock ROM (you need to have it downloaded before starting this process) for your router.
In my case though I didn't had a Windows machine so I fired up a Windows virtual machine using VirtualBox, and changed the network settings of the virtual machine to be bridged with the host system, and then followed the same video guide I mentioned above as if I'm using Windows.