This PowerShell script will continuously prints the current time and pings an IP address.

It will run in a loop until you press `Ctrl+C` to stop it.

```powershell
# Replace <IP> with target host IP address
try {
    while ($true) {
        $timestamp = Get-Date -Format 'yyyy-MM-dd HH:mm:ss'
        $pingResult = ping <IP> -n 1

        if ($pingResult -match "Reply from") {
            Write-Host "$timestamp - Host is up"
        } else {
            Write-Host "$timestamp - Host is down"
        }

        Start-Sleep -Seconds 1
    }
} catch {
    Write-Host "Script interrupted."
}
```