Hempy Bucket ?

So i find this post on another site regarding a growing method called the Hempy Bucket. (I'm sure it may have many names).

It's basically a bucket with a small hole cut two inches above the bottom. Then you simply add 75% perilite and 25% vermiculite to the bucket and you're good to go. You water through the hole which gives you two inches of water to be used by the plant before next watering.
And that's it !!!!! I saw some great results using the method and it is specifically mentioned that root rot is never a problem.

This sounds too easy to be true... no pumps, no nothing, just put the water in (with standard 3 part nutes) when it gets low and you're good for another couple of days.

I intend on trying this my next grow since it's just as cheap as soil but obviously would grow much quicker since it's 'passive hydroponics'. One person suggests adding a bubble stone to the bottom of the bucket... but judging from the pictures that's clearly not really necessary.

Is it really as simple and good as 'advertised'? And if so, then what is everyone doing with expensive pumps, reservoirs etc etc...

Also, does anyone have a link to some more grow logs using this method?

Here's a couple of links:
Derailed - Hempy bucket stylee - UKCultivator
first grow cfl hempy bucket - Marijuana Growing

-------------------------------------------
I have chronic back pain due to Scheuermann's Disease and am a medical marijuana patient.
-----------------------------------------------

I've heard great things about the method. Yet, the only difference that i've noticed is that you don't water through the hole. The hole is a runoff. You top water the plant and leave extra water in the bottom container as a reservoir. You just have to water each day.

Thanks Desade....
I guess if it didn't work I'd probably have gotten a lot more replies... no news is good news.
I look forward to trying it... maybe with bigger/deeper reservoir so it can last a couple of days before needing water.

The method works!!! I've done the same type of thing with pure perlite as well. As long as the soil holds enough moisture, it won't be a big deal. Just watch out for the plant wilting. Yet, with decent room temperatures, there won't be a problem.

Thanks

It's a simple wick system, the water that is absorbed by the plant or evaporates from the top is replaced by the water sitting under your pot, its not really that much better than growing in soil although your perilite/vermiculite mix contains no nutrients, the nutrients are in the water that is wicked up and the perilite/vermiculite mix provides more oxygen for the roots