It's not so much that one type works and another doesn't, but depending on your goal for a result, you will need different technologies in bin assembly and use. One type of composting bin is a worm farm. You essentially fill a container with soil and put a bunch of red worms in there. You can then shred some wet newspaper up and put it and any kind of bio matter (banana peels, old lettuce, etc...) in it. The worms will digest this food and will poop out pure fertilizer for your soil. It's a symbiotic relationship much like the one with microbes/organisms and the same food/waste.
You can find reviews online for all the different types of composting bins, even one designed as an outhouse that recycles human waste into a compost pile that will slowly break it down into its original ingredients and process them into nutrients. As gross as it seems to put human fecal matter into a compost, then to put that compost later into the very garden our vegetables are growing in, the fact is that the fecal matter is completely gone by the time you use the compost, so what you're putting into your garden is completely clean and healthy (and not gross, you can even handle it without being grossed out!).
Whether you use the worm farm concept or the composting bin, composting tumbler or any of the others, make sure you first learn about it as much as possible before going "shopping"- even for tools buckets, barrels and such to build your own. There is a lot to consider between the different models. There are some designed for home use and some more industrial in nature. Happy hunting!
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