The Pangu team behind the latest iOS 8 jailbreak have released an update which addresses several issues from the previous versions.
The official change log is as follows:
1. Fix the issue that launchd may drain cpu on 32bit devices.
2. Fix Safari reloading bug and occasionally crash problem.
3. Optimize jailbreak process.
4. Restore function now support iPad Air2/iPad Mini3.
If you wish to jailbreak iOS 8, it is advised to update to iOS 8.1, as it has been confirmed that Pangu is blocked in the upcoming iOS 8.1.1 update.
You can download the latest version of Pangu Jailbreak from here.
Tutorial on how to jailbreak using Pangu here.