Log file slows server....can this be true?

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This site http://www.nightlife.pl can not create a log file to
analysis search engine traffic, because they claim it slows the server
down (very very large log file). Can this be true? What do other high
traffic/ with lots of image,  sites do?  Is there a work arround? I
can not believe that log file creation would slow the server.

Thanks, Mark


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