ID Please

[mvandepeer]

Well, my tanks have been doing great especially since I had upgraded my lighting... but one problem has popped up rather quickly and i'm worried about my corals...
Here are some pics and hopefully someone can give me good advice for ridding my tank of this problem....

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And here are the newest corals that haven't been touched yet...

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Please tell me there is hope!!!

 

[tanker]

Looks like red-bubble algae. Too much nutrients in water (phosphate, nitrate, ect).