This paper puts forward the LPM fault diagnosis method in the view of the important purpose of on-line monitoring and fault diagnosis for hoister brake system. The feasibility of the two diagnosis methods are proved in theories; two methods are proved about feasibility and reliability through testing. Two methods are manifestoed that they can undertake the on-line monitoring and fault diagnosis for hoister brake system with satisfied effect. This paper puts forward the LPM fault diagnosis method in the view of the important purpose of on-line monitoring and fault diagnosis for hoister brake system. The feasibility of the two diagnosis methods are proved in theories; two methods are proved about feasibility and reliability through testing. Two methods are manifestoed that they can undertake the on-line monitoring and fault diagnosis for hoister brake system with satisfied effect.