By taking full advantage of the technologies of data acquisition, signal analysis and processing and fault diagnosis, this thesis carries out a research on the realization method of mine hoist bearing condition monitoring and fault diagnosis. Firstly, this thesis takes a technical analysis for rolling bearing. Secondly, based on determining the overall framework and using a virtual instrument software (Labview), it carries out a program development of the system. The developed system not only integrates the functions of traditional instruments, but also describes the bearing states and the types of bearing failure accurately according to the running status of the monitored bearings. It provides technical support for the mine hoist repair and maintenance and scientific protection for its safe running.