Not at all. Personally I got out and sold my GPUs in March and April. Anyone still mining these past months was either lazy or betting the merge would be delaye

Not at all. Personally I got out and sold my GPUs in March and April. Anyone still mining these past months was either lazy or betting the merge would be delayed. A delayed merge sounded like a good bet on paper. Eth has been promising PoS soon for years. It is understandable why some miners took the bet this time. The problem with gambling in an iterated context: you will always lose eventually.