The console is called "The Suicide Console" and is an apt moniker. Damage transfers from the past version to you and the future version. Damage to you transfers to the future. And damage to the future version doesnt transfer at all.
Apparently, without the Wells Console (Tipler) it is pointless and unusable. Replace it with a more useful console unless you have the EC to spend on a Wells!
"The world ain't all sunshine and rainbows. It's a very mean and nasty place and I don't care how tough you are it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't about how hard ya hit. It's about how hard you can get hit and keep moving forward." - Rocky Balboa (2006)