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#11
Although I have a recording studio, and am an ex guitar amp tech, its still baffling to me how it works. If you are connecting via HDMI then its a digital signal, but at the source, video game console, it would appear the signal if very low. If you could get that signal up to a higher level, it may be that will fix the problem.
On the other hand the interface card in the PC that is distributing the signals from the HDMI may be the culprit (is there any way of controlling or the audio level there?).
What the Xsplit, or whatever recording software, is "seeing" for volume level is low and thus the noise.