The effects of ethanol component and nanoparticle concentration on evaporation dynamics of graphite-water nanofluid droplets have been studied experimentally. The results show that the formed deposition patterns vary greatly with an increase in ethanol concentration from 0 to 50 vol %. Nanoparticles have been observed to be carried to the droplet surface and form a large piece of aggregate. The volume evaporation rate on average increases as the ethanol concentration increases from 0 to 50 vol % in the binary mixture nanofluid droplets. The evaporation rate at the initial stage is more rapid than that at the late stage to dry, revealing a deviation from a linear fitting line, standing for a constant evaporation rate. The deviation is more intense with a higher ethanol concentration. The ethanol-induced smaller liquid-vapor surface tension leads to higher wettability of the nanofluid droplets. The graphite nanoparticles in ethanol-water droplets reinforce the pinning effect in the drying process, and the droplets with more ethanol demonstrate the depinning behavior only at the late stage. The addition of graphite nanoparticles in water enhances a droplet baseline spreading at the beginning of evaporation, a pinning effect during evaporation, and the evaporation rate. However, with a relatively high nanoparticle concentration, the enhancement is attenuated.