First and foremost, that code will give you an output waveform of (close to) 0.5HzMake clock by other picaxe. 08M if correct 100% pulse 1Hz, one second output, show simple code what possible correct 1.00 sec or not really?
main:
high 1
pause 1000
low 1
pause 1000
goto main
Is that even a clock?08M if correct 100% pulse 1Hz,