BAD or Good algae?? May need help asap!

[DVeit]

While searching I came across Cyanobacteria. This looks much closer to what I have. The algae I have (pictured) is somewhat "peach fuzzy". I just set my tank up 2 weeks ago and put live sand, and about 60-70 lbs cured live rock. Tank is a 75g with 10g refuge. I have been leaving the lights on about 10hrs/day. Right now my ammonia is about .25ppm, nitrites are off my charts (API kit) 5ppm+, Nitrates are about 20ppm, salinity 1.025, 80 degrees. What do you guys think? Is this a normal/healthy algae and am I worried for no reason? Or Is this Bad? If so, what do I need to do?
Also, is all the bubbles normal?

Thanks!

 

[DVeit]

Opps.. images..

 

[Longnose Hawkfish]

Your tank is still in it's cycle so I wouldn't be to worried. I believe cyano produces those little bubbles, but I don't know that as a fact.

 

[DVeit]

Someone also mentioned possible cotton candy algae.

 

[Reefing Madness]

No, its not cotton candy algae. I see Diatoms growing. And those will die off once they've eaten the silicates out of the system. Not to wory.

 

[DVeit]

No, its not cotton candy algae. I see Diatoms growing. And those will die off once they've eaten the silicates out of the system. Not to wory.

Yes I have ton of Diatoms. Thank you, that relieves me! My ammonia has dropped from 2ppm to 0 in 24hrs but my Nitrites are still off the chart. When should these begin to drop? I also turned on my Hydor 1150 pump to full time, I had it going off and on every few hours.

 

[Reefing Madness]

You should keep the pump running full time.
As for everything coming into line, its to tough to call, as everyones tank is different, a normal cycle takes 4-6 weeks, some have gone on longer.