I'e done some testing, and from what I saw, it looked like the hint was completely ignored by std::unordered_map. I couldn't find any value to pass to it that seemed to provide any advantage at all.
The standard explicitly gives implementations of the unordered collections to ignore the hint passed to emplace_hint, and I think most (if not all) normally do. The specification doesn't really say whether you should be passing an iterator to the value being inserted (if there is one) or to one past it (like you would with the ordered associative collections). Given that it's hash-based, an iterator to near the correct insertion point is probably useless. As such, for it to have any hope of doing any good, it probably needs to be an iterator to the actual insertion point (e.g., one that has the same key as you're inserting, if you try to insert a duplicate).
Summary
I doubt there's any value you can pass that provides any significant advantage (and in testing, I haven't found one that does).
cendas a hint then? – um ... that thing is unordered