One thing you have to watch for is not to overfeed the worms. If too much food piles up it will stink. My bin, about a 10-gallon tote, could only absorb maybe a quart of food every week or two.

We have one of these in the kitchen, which holds about 3/4 of a gallon and we probably fill it up once a week (though I dump it every few days to keep the food scraps from decomposing anaerobically). However, some of the stuff we put in there has a lot of air (like egg shells) or would not be easily eaten by the worms so would still go into our normal compost. I'll see how it goes.