In my humble opinion baiting bear is nothing like baiting deer and is much harder than with hounds, if the dogs are any good anyway. Bears learn quick where the bait is coming from, and unlike deer bears WILL climb into tree stands and blinds. Sometimes it might look easy, but if that bear winds you its over. And they are much better at the game than we are. Dogs on the other hand all you need is fresh sign and big acreage. If you can follow them they will tree your bear.
On another note hunting them by stalking or sitting is very difficult and will not be a good conservation tool as far as keeping numbers steady.
Iv got land in Northern NH and baited 5 years in a row on it. The first year it worked great. Then I just fed them for 4. They came, but they knew about me and when I was there. Trail cameras are cool toys for seeing things and seeing bear show up a half hour after you leave, time and again at different times of day says a bunch.