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I fish in about 8 FOW and suspend a shiner or a sucker about 3 feet off the bottom. This seems to produce the best results.
So what we are saying is anywhere between the bottom of the ice to the bottom of the lake.
I usually check my depth quite a bit while fishing, I start low and work my way up, last year I found myself catching most of my fish in the upper half of the water column... I fished 12 fow, I would be about about 5-6ft from bottom of ice......