My son and I set up another vermipost bin today. It's our favorite way to compost kitchen food waste. Making a bin is cheap, quick and easy and the worms speed up the composting process.
I had an old Rubbermaid tote in the garage we used. Here's how we make them:
Step 1 Drill 15-20 1/8" holes in lid and 15-20 holes around the top 1/3 of tote.
Step 2 Bottom bedding layer: 3"-4" Torn up cardboard (cereal boxes & toilet paper rolls) and newspapers; SLIGHTLY dampened
Step 3 Next a thin layer of kitchen food scraps (lettuce, apple peelings, carrot tops/bottoms, coffee grounds, tea bags, etc)
Step 4 Another damp layer of bedding
Step 5 another thin layer of kitchen food scraps
Step 6 Top layer of damp bedding
Step 7 Add your red wiggler worms and place top on bin
Worms do not like light, be sure your bin/container is opaque. Be sure not to over feed. It will take your worms a couple of weeks to get acclimated. Do not feed any oils, dairy or meats. Only feed limited citrus', grains and starches. Keep bedding damp.
In a couple months you will have nutrient rich worm castings!
A great resource for more information is Red Worm Composting.
For a list of things you can compost in a regular composting bin check out I Can Compost That?