The refrigerant mixture of ethanol aqueous was applied to the parallel type pulsating heat pipe (PHP). The operation characteristics of the PHP were analyzed by means of experiment and nonlinear chaotic theory. Moreover, the relationship between the running state and attractor was described. The results indicate that starting power, stable running power and dry burning transition power are about 64.08 W, 148.68 W and 234.0 W respectively. The cycle and amplitude of PHP initially decrease and then increase with the increasing power. However, the data are well-distributed in a certain range. The running state is in agreement with the attractors, and the changing process for attractors is as follows: the attractors first disperse in the whole phase space, then present mass status, and finally show band distribution.