The potential energy surface (PES) of water octamers has been explored by the scaled hypersphere search method. Among 164 minima on the PES (based on MP2/6-311++G(3df,2p)//B3LYP/6-311+G(d,p) calculations), the cubic structure with D-2d symmetry has been confirmed to be the global minimum. In a thermodynamic simulation using these 164 structures, the cubic structure with S-4 symmetry has the highest population at low temperature, though double rings can become dominant as temperature going up, in good accord with a recent Monte Carlo simulation using an empirical potential. A transition temperature from cubic to noncubic has significantly been underestimated when potential energy data of B3LYP/6-311+G(d,p) calculations are employed in the simulation. This serious discrepancy between the MP2 and the B3LYP results suggests an importance of dispersion interactions for discussions on thermodynamics of water octamers.