php infinite loop

$interval=60; //minutes
  set_time_limit( 0 );
  $sleep = $interval*60-(time());

  while ( 1 ){
     if(time() != $sleep) {
       // the looping will pause on the specific time it was set to sleep
       // it will loop again once it finish sleeping.
       time_sleep_until($sleep); 
     }
     #do the routine job, trigger a php function and what not.
   }