In a small bowl, toss shredded Cheddar with Tabasco sauce until well coated.
Heat panini press to medium.
Using half the cheese, spoon four circles of cheese about 3 inches in diameter each onto hot press.
Close lid and let cook 1 to 2 minutes, until browned and crispy. You can peek and see if they are done...if they stick firmly to one side and don't come apart, they're all set.