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I have managed to install and run the optimized stable diffusion by basu jinal, https://github.com/basujindal/stable-diffusion and it runs with my 4GB VRAM card, although I have to add "--precision full" to avoid getting a green square.
I wanted to try hlky version (https://github.com/hlky/stable-diffusion) , due to the WebUI and integration with upscaling models. It should also have the option to be optimized for low VRAM. To avoid getting a green square I have to add the parameters "--precision full --no-half". When I run a prompt, even with the smallest image size, I immediately get a CUDA memory error. Interestingly, without these parameters there isn't any memory error (but, of course, the result is a green square)