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You're illustration would create a 4 to 1 MA. There is, however, a more efficient system. It only requires 3 single pulleys. You will need 2 different ropes. It's called the 'piggyback' system. We have used it in combination with a port-a-wrap for lifting when we didn't have the GRCS with us.
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But note two concerns with this piggyback system:
1) you're limited in range of movement (if H is the reach to the redirection pulley,
you move the object H/2; and
2) the green rope must now bear 1/2 the load (since it is doubled), as must
its block.
In the original, the 4 strands of rope all led to the object, and its resistance was
thus distributed over them.
But I think that THAT system would be more efficient were the haul line led to
the higher point, hauling on the farther end of the object, opposite to the drawing.
*kN*