Yes but the lack of efficiency is almost never a good reason to NOT do something.
Internal combustion engines are terribly inefficient, around 20 to 30% typically.
Human muscles are only around 25-30% efficient, on average.
If lack of efficiency means we should not do something, then we should all stop driving or walking. Yet we drive, we travel, we walk, we run, we do stuff.
Ice in our drinks is a refreshing pleasure that a lot of us enjoy....whether it is efficient (or not) simply does not matter to most of us.