3V was the safe cutoff back when the best cells were 6C, but the improvements to the IR (that gives us higher "C ratings") mean that the loaded voltage drops less and is now closer to the resting voltage than it used to be, so the higher the cutoff has to be higher in order to keep the cells at a safe resting voltage (3.7v resting is around 20-25% remaining capacity, which is often touted as being a good usable capacity to cell longevity compromise).
With today's cells if you run down to 3V pulling any FE current you will only get close to the stated capacity once as the pack will have degraded significantly if not puffed, at 3.2v you may get a half dozen good runs, 3.3v if your lucky you may get a season and with 3.4v you might get a probably a full year with testing too, 3.5v probably leaves about 25% in a pack (those figures are not set in stone, the higher the load the lower the LVC can be as the voltage is getting pulled further from its resting voltage at that state of charge (and I generally run lower amps than you guys so you may get away with a little lower, but I also generally run low "C" higher IR packs, so maybe not)).
I've seen recommended LVCs increase from 2.8v-3v-3.2v-3.4v-3.5v, hopefully in a few years it will be 3.6v, and when I can find a unicorn to fart on my LiPos making them the perfect superconducting pack, I will have to set it to 3.7v!
Paul Upton-Taylor, Greased Weasel Racing.
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