They work fine on early ice that is less than 10 inches thick, but once the ice gets thicker they become a drag to use. If you only plan to drill one or two holes no problem, but most of us with power augers like to cut more than that during a day.
Can you use a drill for ice fishing?
Power drill ice augers tend to be the auger of choice for many. While standard power drill ice augers are especially useful for drilling through thick ice and drilling multiple holes very quickly, they are also heavier than hand augers. Hand augers have their own advantages.
Can I use a drill as an auger?
You need to make sure your drill is set to its lowest speed setting and set to “drill” mode. Using a drill on “hammer” setting will likely dull or damage the auger blades and slow down the drilling process. ... The auxiliary handle makes the drill perform more like a conventional auger that's held with two hands.