Pour 2 cups of cold water into the bottom of a cold pressure cooker and place the steaming rack into water. The rack should stand just above the water, so no eggs ever come in contact with it. Place the eggs onto the rack, creating an even layer across the bottom. (You don't want them to be stacked on top of each other.)
Close the lid and lock. Ensure the valve is sealed. Press "Steam" function and "High" pressure. Adjust cook time to 4 minutes and press "Start".
After 4 minutes have passed, wait another 5 minutes before releasing pressure completely. Remove lid and transfer eggs to an ice water bath. Cool until they are easily handled.
Gently tap the wider end of the egg onto a countertop to release the air pocket. Then, crack the shell all the way around. Peel away using the side of your thumb. It should come off in big pieces and should remove easily as long as you get underneath the membrane just under the shell. Rinse under cold water and place onto dry paper towels until all eggs are peeled.
Stovetop Directions
Place eggs in a single layer in the bottom of a pot. Cover completely with cold water. Cover with lid and place on stove.
Bring to a rolling boil gently over medium to medium high heat. Turn burner off and let eggs sit in hot water for 12 minutes. (If using an electric stove, remove from burner. Not necessary if using a gas burner.)
Gently tap the wider end of the egg onto a countertop to release the air pocket. Then, crack the shell all the way around. Peel away using the side of your thumb. It should come off in big pieces and should remove easily as long as you get underneath the membrane just under the shell. Rinse under cold water and place onto dry paper towels until all eggs are peeled.
Video
Notes
Here is more information on cook times for different levels of doneness:
Soft Boiled: high pressure, steam 3 minutes, quick release
Medium Boiled: high pressure, steam 4-5 minutes, quick release
Hard Boiled: high pressure, steam 4 minutes, natural release for 5 minutes, then quick release