The invention discloses an internet-of-things-based mining dynamic real-time monitoring method and system. The system comprises a mine original model construction module, an underground mining activity trajectory coordinate acquisition module, an underground mining activity trajectory coordinate filtration module, an actual mining range automatic forming module and a reserve model dynamic construction module. According to the method, an internet-of-things technology is utilized, underground real-time mining trajectory data is acquired, null spots in original gob and roadway are eliminated by using a mode that the graph and expression in geometry math are combined, then a convex model is constructed in combination with effective point data and solid Boolean operation is performed in combination with an ore body block-section model constructed by original check information, and meanwhile related ore body block-section reserve information is associated. By using the method and the system, a mine underground real-time mining condition can be conveniently monitored by a mine supervision department, a mine enterprise can also browse the underground actual mining condition, a mining plan is formulated, rational personnel distribution and scheduling are realized, and effective utilization of resources is realized.