The invention provides a vertical shaft 
tunnel boring machine by a shaft sinking method and a construction method of the 
tunnel boring machine, and solves the problems of low 
mechanization degree and efficiency, high risk and the like of devices and construction methods in the prior art. The 
tunnel boring machine comprises a tunneling mechanism, a 
pipe arrangement mechanism, a shaft lifting mechanism, a 
slurry separation system and an auxiliary pressure mechanism are mutually connected, the 
pipe arrangement mechanism, the shaft lifting mechanism, the 
slurry separation system and the auxiliary pressure mechanism are positioned on an over-ground 
wellhead ring beam, the tunneling mechanism comprises a tunneling shell, a cutter head is arranged at the front end of the tunneling shell, a driving fixing frame is arranged at the rear end of the tunneling shell, a feeding device and a driving device are arranged on the driving fixing frame, and the feeding device and the cutter head are connected with the driving device. The tunnel boring 
machine has mechanized excavation, 
sludge discharge and support functions and is operated on the ground, safe and reliable, underground operators are omitted in the working process of the vertical shaft tunnel boring 
machine, traditional shaft bottom excavation 
modes are changed, construction risks are greatly reduced, and operating efficiency is improved.