diff --git a/contrib/valgrind/monero.supp b/contrib/valgrind/monero.supp
index 16e34e82f..015b05a1c 100644
--- a/contrib/valgrind/monero.supp
+++ b/contrib/valgrind/monero.supp
@@ -17,3 +17,12 @@
    fun:maybe_unlock_and_signal_one<boost::asio::detail::scoped_lock<boost::asio::detail::posix_mutex> >
    ...
 }
+
+{
+   we leak the logger, for performance reasons in on-the-fly init
+   Memcheck:Leak
+   match-leak-kinds: definite
+   fun:_Znwm
+   fun:_ZN2el4base7Storage7getELPPEv
+   ...
+}
diff --git a/external/easylogging++/easylogging++.cc b/external/easylogging++/easylogging++.cc
index d57f3f3a0..c24fb80cf 100644
--- a/external/easylogging++/easylogging++.cc
+++ b/external/easylogging++/easylogging++.cc
@@ -2191,16 +2191,11 @@ void VRegistry::setFromArgs(const base::utils::CommandLineArgs* commandLineArgs)
 #   define ELPP_DEFAULT_LOGGING_FLAGS 0x0
 #endif // !defined(ELPP_DEFAULT_LOGGING_FLAGS)
 // Storage
-el::base::type::StoragePointer getresetELPP(bool reset)
+el::base::type::StoragePointer &el::base::Storage::getELPP()
 {
-  static el::base::type::StoragePointer p(new el::base::Storage(el::LogBuilderPtr(new el::base::DefaultLogBuilder())));
-  if (reset)
-    p = NULL;
-  return p;
-}
-el::base::type::StoragePointer el::base::Storage::getELPP()
-{
-  return getresetELPP(false);
+  if (!el::base::elStorage)
+    el::base::elStorage = new el::base::Storage(el::LogBuilderPtr(new el::base::DefaultLogBuilder()));
+  return el::base::elStorage;
 }
 #if ELPP_ASYNC_LOGGING
 Storage::Storage(const LogBuilderPtr& defaultLogBuilder, base::IWorker* asyncDispatchWorker) :
@@ -2250,7 +2245,6 @@ Storage::Storage(const LogBuilderPtr& defaultLogBuilder) :
 
 Storage::~Storage(void) {
   ELPP_INTERNAL_INFO(4, "Destroying storage");
-  getresetELPP(true);
 #if ELPP_ASYNC_LOGGING
   ELPP_INTERNAL_INFO(5, "Replacing log dispatch callback to synchronous");
   uninstallLogDispatchCallback<base::AsyncLogDispatchCallback>(std::string("AsyncLogDispatchCallback"));
diff --git a/external/easylogging++/easylogging++.h b/external/easylogging++/easylogging++.h
index 046252a5b..acf2a7674 100644
--- a/external/easylogging++/easylogging++.h
+++ b/external/easylogging++/easylogging++.h
@@ -552,7 +552,7 @@ typedef std::ostream ostream_t;
 typedef unsigned int EnumType;
 typedef unsigned short VerboseLevel;
 typedef unsigned long int LineNumber;
-typedef std::shared_ptr<base::Storage> StoragePointer;
+typedef base::Storage *StoragePointer;
 typedef std::shared_ptr<LogDispatchCallback> LogDispatchCallbackPtr;
 typedef std::shared_ptr<PerformanceTrackingCallback> PerformanceTrackingCallbackPtr;
 typedef std::shared_ptr<LoggerRegistrationCallback> LoggerRegistrationCallbackPtr;
@@ -2734,7 +2734,7 @@ class Storage : base::NoCopy, public base::threading::ThreadSafe {
     return it->second;
   }
 
-  static el::base::type::StoragePointer getELPP();
+  static el::base::type::StoragePointer &getELPP();
 
  private:
   base::RegisteredHitCounters* m_registeredHitCounters;
@@ -4613,9 +4613,10 @@ el::base::debug::CrashHandler elCrashHandler(ELPP_USE_DEF_CRASH_HANDLER); \
 }
 
 #if ELPP_ASYNC_LOGGING
-#  define INITIALIZE_EASYLOGGINGPP ELPP_INIT_EASYLOGGINGPP(NULL)
+#  define INITIALIZE_EASYLOGGINGPP ELPP_INIT_EASYLOGGINGPP(new el::base::Storage(el::LogBuilderPtr(new el::base::DefaultLogBuilder()),\
+new el::base::AsyncDispatchWorker()))
 #else
-#  define INITIALIZE_EASYLOGGINGPP ELPP_INIT_EASYLOGGINGPP(NULL)
+#  define INITIALIZE_EASYLOGGINGPP ELPP_INIT_EASYLOGGINGPP(new el::base::Storage(el::LogBuilderPtr(new el::base::DefaultLogBuilder())))
 #endif  // ELPP_ASYNC_LOGGING
 #define INITIALIZE_NULL_EASYLOGGINGPP \
 namespace el {\