The invention relates to an alternating-current asynchronous motor frequency converter without a speed sensor. In the frequency converter, a personal computer (PC)-based frequency converter online debugging and monitoring software, a communication mechanism, parameter identification of an alternating-current asynchronous motor, and alternating-current asynchronous motor rotating speed identification are involved, wherein the PC-based frequency converter online debugging and monitoring software can set related parameters of the frequency converter, distribute a control command, dynamically display the related parameters of the frequency converter and an alternating-current asynchronous motor in a literary form, and dynamically display the waveforms of a rotating speed, a torque, a stator voltage and a stator current of the alternating-current asynchronous motor in a graphical form; the communication mechanism is on the basis of any one serial bus of Ethernet/a universal serial bus (UBS)/a recommend standard 485 (RS485)/a recommend standard 232 (RS232) and realizes bidirectional data communication between the debugging software and the frequency converter; the parameter identification of the alternating-current asynchronous motor comprises stator resistance, rotor resistance, stator leakage inductance, rotor leakage inductance, stator and rotor mutual inductance and total leakage inductance; and the alternating-current asynchronous motor rotating speed identification is on the basis of a model reference adaptive theory.