How To Jailbreak iOS 5 / iOS 5.0.1 With New Ac1dSn0w Beta 1 [Tutorial]

I want to clear out the things before getting into any details, don’t get your hopes to be much high. You guys, might be seeing a little hype between jailbreak hacker / users regarding the launch of the new jailbreak tools named “Ac1dSn0w” from a new jailbreak hacking community called themselves as “PwnDevTeam.”

 Actually, the team has just released their tool that brings the same jailbreak on iOS 5.0.1 / iOS 5.0 only on the older device, such as, we were already enjoying with iPhone Dev Team Redsn0w.

The team has just launched a tool in the beta with only the tethered boot, the tool jailbreaks your device on iOS 5 / 5.0.1 but only tethered not untethered. Ac1dSn0w beta version is now available, which is currently available only for Mac OS X users.
The current version of Ac1dSn0w is in an early development stage. In the future it will also be able to jailbreak remote devices. This means that you just need to install a server program on any OS (Linux, BSD, Windows) and Ac1dSn0w will jailbreak it on a client machine anywhere in the world.
Supported Devices:

• iPhone 3Gs
• iPhone 4
• iPod Touch 4G
• iPad 1

How To Jailbreak iOS 5.0.1 With Ac1dSn0w

STEP 1: Download Ac1dSn0w for Mac OS X from here.
STEP 2: Once downloaded, launch Ac1dSn0w and you’ll get the options you need as in the following screen:
STEP 3: Now connect your iOS device to your computer and turn it off.
STEP 4: Put your device in DFU mode by following the on-screen instructions by clicking “Show Assistant”:
STEP 5: Once it’s in DFU mode, hit the “Jailbreak” button in the tool.
STEP 6: You can also do a tethered boot by clicking on “Tethered Boot” button.