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jayarrgh - you want to;
1.) plug the main power supply into a dedicated outlet on your strip.
2.) Then you want to plug your timer into a separate plug on your strip.
3.) Then plug your MC122 controlled switch power into the timer.
4.) Then plug your CO2 solenoid power into the MC122 controlled switch.
5.) Then find out your tanks DEGASSED pH level.
6.) Then set your MC122 pH controller in the "Above" position.
7.) Then set the MC122 "dial" to 1 point lower than your DEGASSED pH level. ie. - if your DEGASSED tank pH is 7.5 then set your dial to 6.5.
Doing it this way, you never lose power to your pH controller baring a power outage and you control the solenoid with the switched power during the time frame you specify with your timer.
Attached are a couple rudimentary alterations to your original schematic.
Hope this makes sense.
Please feel free to tag me with any questions that may be unclear.

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