The invention discloses a microcrystalline glass produced from fly ash through an all-electric melting calendaring process, and a production method thereof. The microcrystalline glass is prepared from 320 to 350 parts by weight of fly ash used as a main raw material and accessory materials consisting of 98 to 115 parts by weight of light-burnt magnesia, 55 to 66 parts by weight of ground calcium carbonate, 42 to 44 parts of sodium carbonate and 2 to 3.5 parts by weight of titanium dioxide by using the all-electric melting calendaring process. The production method mainly comprises the following steps: mixing and melting of the raw materials; calendaring and molding; annealing; nucleation and crystallization; and surface treatment. The production method provided by the invention can consume a great amount of slag waste, turn the waste into the valuable, improve the environment and promote economic development; the production method also realizes green manufacturing, broadens the application space of the calendared microcrystalline glass as a base material and guides consumers to carry out green consumption; and the production method increases the varieties of microcrystalline glass products, improves market competitiveness of microcrystalline glass products and maximally meets consumption demands of different industries and different populations.