I would consider 29g pretty big for DIY CO2. Yes, you would need at least 2 or 3 2L bottles. Depending on your plant mass and your bubble rates. If you are looking for 3 bps, definitely, you need 3 bottles. Yeast isn't expensive. Is the sugar. A 5lb sugar would last maybe 2 weeks for 2 to 3 bottles setup. A 5lb of sugar is about $4??? Do the math. Also, you need to stagger the bottles. You can have all 3 bottles starting at the same time. By doing so, you will first get a very high rate of CO2. After 1 week, your CO2 rate would taper off. Depending on the yeast and sugar, your CO2 rate will further taper off after that. You may want to refill one bottle after 1 week and another week with another bottle. As you can see, it is a lot of work.
CO2 paintball setup is OK. Fine tuning the bubble rate is pita. You may only need to refill the paintball tank after 1 month to 2 months, assuming you have no leaks.
The ultimate setup is a full CO2 system with regulator and regulator CO2 tank. You can purchase one here under $150, without the CO2 tank. I got mine here from the message board. The best decision I have made. I have a heavily planted tank. Supplying 4 bps isn't even enough, I think. It is a 40g tank. It is a set and forget system. I have a 10lb CO2 tank. It will probably last me at least 5 months worry free.
