Urban Loving

Urban Dictionary is the new Oxford .. New York, London dictionaries put together! Not only does it specialise in slang, which Oxford can't let slip through it's stiff lips, it also allows users/janta to add and modify content!

Here's the load on shyte I found there:
Shyte

A shyte is a measure of information - usually on a computer. One shyte equals one byte. A shyte is used to measure corrupt data, bad programming and rubbish on the internet.

A spam message might contain 5 kiloshytes (KS), a virus-infected file attachment could be 1.5 megashytes (MS) in size, a bad sector on a hard disk might take up 3 megashytes. Something measured in gigashytes (GS)can be left to the imagination.

Uh Huh !

In case you missed the shyte...

It is a variant of shit, as how it was said in old English. 'Ye olde stabble boy spend ye time on cleaning ye horses' shyte.'