We consider the task of measuring time with probabilistic threshold gates implemented by bio-inspired spiking neurons. In the model of spiking neural networks, network evolves in discrete rounds, where in each round, neurons fire in pulses in response to a sufficiently high membrane potential. This potential is induced by spikes from neighboring neurons that fired in the previous round, which can have either an excitatory or inhibitory effect. We first consider a deterministic implementation of a neural timer and show that $Θ(\log t)$ (deterministic) threshold gates are both sufficient and necessary. This raised the question of whether randomness can be leveraged to reduce the number of neurons. We answer this question in the affirmative by considering neural timers with spiking neurons where the neuron $y$ is required to fire for $t$ consecutive rounds with probability at least $1-δ$, and should stop firing after at most $2t$ rounds with probability $1-δ$ for some input parameter $δ\in (0,1)$. Our key result is a construction of a neural timer with $O(\log\log 1/δ)$ spiking neurons. Interestingly, this construction uses only one spiking neuron, while the remaining neurons can be deterministic threshold gates. We complement this construction with a matching lower bound of $Ω(\min\{\log\log 1/δ, \log t\})$ neurons. This provides the first separation between deterministic and randomized constructions in the setting of spiking neural networks. Finally, we demonstrate the usefulness of compressed counting networks for synchronizing neural networks.