So Ground is to Pin1, VCC is to Pin2, and Out is to Pin3 (Pin4, the one farthest from the notch on the fan plug is not connected to anything). Should be right.
A real fan works. Is this like a standard pc fan or something more specialized? what motherboard/server are you trying to use it with?
Basically what this is doing is making a pulse. If you had an osiliscope you could hook up ground and vcc and you should see the pulse on the out pin. that 3rd pin expects 1 pulse every revolution, which this is made to simulate.
From (
https://electronics.stackexchange.com/q ... 0signal%20(tachometer,minute%20times%20with%2060%20seconds.&text=In%20most%20fans%20that%20I,the%20TACH%20or%20tachometer%20wire. )
Brief background: The tachometer output comes from a Hall-effect sensor mounted on the motor driver PCB on the fan frame. One or more magnets embedded in the fan rotor hub activate the Hall-effect sensor as they pass by. The sensor is amplified, and eventually drives a logic circuit. The fans that I have seen use an open drain/open collector output.
One (or more) pulse is generated every time the the fan rotor completes a revolution. The number of pulses counted in one minute is directly proportional to the RPM of the fan..