The invention discloses a beef tallow hotpot condiment and a preparation method thereof, and belongs to the technical field of hotpot condiments. The beef tallow hotpot condiment comprises main materials, seasonings and auxiliary materials, wherein the main materials comprise the following ingredients in parts by weight: 1400-1600 parts of beef tallow, 950-1100 parts of plant oils, 900-1100 partsof Pixian thick broad-bean sauce, 40-170 parts of ciba capsicum annuum L., 60-120 parts of fermented capsicum annuum L., 85-115 parts of fermented glutinous rice and 80-110 parts of fermented soya beans; the seasonings comprise the following ingredients in parts by weight: 72-85 parts of fresh ginger with peels, 60-78 parts of garlic, 30-60 parts of allium fistulosum L., 10-15 parts of sodium glutamate, 80-130 parts of table salt, 30-70 parts of rock candies and 5-10 parts of liquor and spirits; and the auxiliary materials comprise the following ingredients in parts by weight: 8-12 parts of zanthoxylum bungeanum maxim., 7-10 parts of cortex cinnamomi, 6-8 parts of fructus tsaoko, 5-8 parts of flos caryophylli, 4-6 parts of cymbopogon citratus., 4-7 parts of semen myristicae, 4-6 parts of rhizoma kaempferiae, 4-6 parts of rhizoma nardostachyos, 4-6 parts of folium et cacumen murrayae, 4-6 parts of laurus nobilis leaves, 4-6 parts of fructus anisi stellate, 4-6 parts of pericarpium citrireticulatae, 4-6 parts of glycyrrhizae radix, 1-3 parts of dried fructus crataegi, 4-8 parts of siraitiae fructus and 4-7 parts of rhizoma polygonati odorati. The beef tallow hotpot condiment has aneffect that people who eat the hotpot condiment are unlikely to get inflamed.