Log file could become exceedingly large over time

[petargyurov]

Describe the bug
There is currently no mechanism to cycle the log file once it reaches a certain size. This means that over time, even through version updates, the log file will grow and grow until it becomes huge. This could lead to various unexpected, unhandled behaviour, and it is also very user-unfriendly.

To Reproduce
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Expected behavior
A mechanism that handles logs better.

Screenshots
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System Information (please complete the following information):
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Additional context
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