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i have a jiffy with a 3 horsepower. it was around 400. i think those 2 hp strikemaster mags are around 300. do some shopping on the internet, or in a few more weeks run up to gander mountain, or out to cabela's. those two stores have a nice selection of ice fishing stuff if you get there when they first set up and have plenty in stock.
Last year up in Maine I brought my 8" Mora hand auger and was poking holes every bit as fast as the two guys who had gas augers. That was through 14 inches of ice.