Volume Potentiometer
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The original version has only a pair of 3.5mm jacks for audio out and microphone while the newer version also includes a USB plug used to power the amplifier and LEDs in addition to the 3.5mm jacks. The USB plug on the newer version is required for audio to work.
The 2 versions also have different styles of inline volume adjustment controls, with the older version containing only volume adjustment and a microphone switch while the one with USB offers, in addition to a main volume knob and microphone mute switch, independent control of in game voice volume when used with an Xbox as well as a bass adjustment knob and 2.5mm microphone jack to connect the headset to an Xbox controller.