I was skeptical but, after reading glowing reviews on effectiveness of immersing chain in hot wax, I bought beeswax at a hardware store and immersed chain in the wax heated on a hotplate. Well, this might have been the worst lubrication and protection against rain my chain ever experienced, short of immersing the chain into water. The latter is obviously a lubricant, so at least one functionality is provided there
. There is a tension there between gaining a personal experience and wasting time. The current wave of commercial hot waxes for bike chains emerged only afterwards.