NOVELTY - Cultivating abalone mushroom comprises (i) taking 70-74 wt.% corncob, 18-20 wt.% bean cake, 3-4 wt.% mushroom stalk, 4-5 wt.% lime and 1 wt.% gypsum, where the corncob is smashed into particle diameter of 3-5 mm and the mushroom stalk is waste produced in mushroom production process, which is dried and smashed into particle diameter of 2-3 mm, (ii) adding 20-30 times of water into mushroom stalk particles, soaking at room temperature for 18-24 hours, adding corncob and soybean and fermenting, and (iii) budding.    USE - The method is useful for cultivating abalone mushroom (claimed).    ADVANTAGE - The method has high biological conversion rate, reduces labor intensity, coal and other resources, and is environmentally friendly.    DETAILED DESCRIPTION - Cultivating abalone mushroom comprises (i) taking 70-74 wt.% corncob, 18-20 wt.% bean cake, 3-4 wt.% mushroom stalk, 4-5 wt.% lime and 1 wt.% gypsum, where the corncob is smashed into particle diameter of 3-5 mm and the mushroom stalk is waste produced in mushroom production process, which is dried and smashed into particle diameter of 2-3 mm, (ii) adding 20-30 times of water into mushroom stalk particles, soaking at room temperature for 18-24 hours, adding the slag leaching solution along with mushroom with corncob and soybean cake, mixing uniformly, piling to material height of 1-1.2 m and width of 2-3 m to form trapezoidal stack, controlling dry weight of culture material in each stack to 300-500 kg, forming a vertical vent plug with 10-15 cm diameter using wooden stick, controlling porosity to 1/m3, covering with a grass thatch, fermenting, incubating for 24 hours when the material temperature reached to 60 degrees C, turning once a day, adding lime when first turning, adding gypsum at second turning, turning for 3-4 times, terminating fermentation for 5-6 days, controlling moisture content in culture material to 63-65%, cooling the fermented culture material, seeding and inoculating, and conveying into tube when the mycelium material layer covers 1.5-2 cm thickness, and (iii) spraying 0.01-0.015 g/ml of mushroom stalk leaching solution after harvesting, where the amount sprayed is 4-6 kg/cm2 and preparation of the mushroom stalk leaching solution comprises adding 20 times of water into mushroom stalk particles, soaking at room temperature for 18-24 hours, filtering the residue, making up the original amount with water, adjusting concentration to 0.05 g/ml of mushroom stalk leaching solution and diluting with water.